MEXCXRP News: Webus International Unveils $300 Million XRP Integration Fund
Highlights
- XRP is now a part of the corporate treasury of Webus International
- Like Bitcoin, XRP is now gaining traction as a reserve asset in operating company's portfolios
- More users are banking on the use cases of Ripple-linked products including RLUSD
The latest XRP news features Webus International, which has announced a bold move with its new $300 million XRP Integration Fund. Notably, this marks a major step in using blockchain to support international mobility services. The plan is centered on using XRP to power faster, cheaper cross-border payments and build a new infrastructure for global travel.
Webus International and the XRP Fund
The company has announced plans to raise $300 million through various non-equity financing sources.
As revealed in this XRP news, this will include bank loans, shareholder guarantees, and institutional credit lines. This fund is intended to establish an XRP reserve that will support global payment services across its chauffeur and mobility network.
CEO Nan Zheng’s goal is to create a blockchain-based infrastructure that eliminates delays and high fees usually associated with international transactions. This move includes developing wallets, Web3 loyalty tokens, and on-chain booking systems, all of which will be supported by the XRP network.
The initiative is part of a broader effort to modernize Webus’s services for international travelers.
It also complements the company’s renewed partnership with Tongcheng Travel Holdings, a major online travel platform in China. Their combined services aim to cover everything from local transport within Chinese cities to fast and low-cost payments for rides across different countries.
XRP Finding New Role In Corporate Reserve Strategies
Webus is not alone in exploring XRP for corporate use. Another Nasdaq-listed company, VivoPower, recently launched the first XRP-focused treasury strategy. ViVoPower raised $121 million to build an XRP reserve, adding to the growing trend among public companies toward blockchain-based reserves.
This move is being led by His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud. He helped lead a private offering where 20 million shares were sold at $6.05 each.
VivoPower sees XRP as a key part of its strategy to support decentralized finance. The firm is also looking to align with what it claims are the U.S. government’s future digital asset plans.
XRP News: The RLUSD Stablecoin Traction
The XRP price was $2.27, up slightly by 0.42%. There is speculation that XRP could enter a strong bull run if Trump Media announces plans to include it in its $2.5 billion Bitcoin Strategy.
In another XRP news, the associated Ripple USD (RLUSD) stablecoin is gaining more traction in the ecosystem.
Recently, Euler Finance integrated RLUSD as part of its mission to drive its decentralized finance platform. Following this move, users can now borrow, lend, or use RLUSD on the platform. RLUSD has also been listed on Gemini, Revolut, and Zero Hash platforms.
Essentially, this shows that more institutions are starting to trust and use products directly associated with Ripple Labs. This has a net-positive effect on XRP and Ripple overall.
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